838.51/1479: Telegram
The High Commissioner in Haiti (Russell) to the Secretary of State
Port au
Prince, December 29,
1922—2 p.m.
[Received December 30—1:15 p.m.]
[Received December 30—1:15 p.m.]
165. Agreement reached regarding settlement interior bonds as follows. Interest face value of bonds to accrue to December 31st, 1922, bonds to be exchanged for series B at the following recapitalization: 1912, no reduction; 1913, 5 percent; 1914 A, 15 percent; 1914 B, 20 percent; 1914 C, 25 percent.
Over 70 percent of banks have already agreed to above adjustment and payment of interest commences today.
Russell